CEE
CEE – ASI invests EUR 400,000 in Versita
Ambient Sound Investments (ASI) has invested EUR 400,000 for a 20% stake in Versita, a Polish online publisher. It is the first venture investment in Poland for ASI.
EUROPE - EVCA data shows increased returns in 07
Private equity delivered increased returns for investors in 2007, with buyout funds the best performers, according to data from the European Venture Capital Association.
POLAND - Nova Polonia and FMO sell remaining stake in Praterm
Nova Polonia Private Equity and FMO have sold their remaining stake in Praterm, a company operating in the heating generation sector, to energy services provider Dalkia Poland.
CEE - White & Case opens in Bucharest
White & Case has opened an office in Bucharest, headed by Todd Shollenbarger. He formerly led the southeast Europe practice group at Linklaters before moving to private equity firm KD Private Equity as the head of its Bucharest office. He leads a team...
CEE - Clifford Chance opens an office in Kiev
Clifford Chance, the world's largest law firm, will open an office in Kiev later this year.
CEE - Marfin Investment acquires 75% of Sunce for EUR 155m
Marfin Investment Group (MIG) has acquired 75% of Croatian tourism and leisure company Sunce for EUR 155m. Sunce and MIG will develop Stubicke Toplice, a health tourism project and public-private-partnership alongside the County of Krapina and Zagorje,...
CEE - Netcentrum acquires Atlas.sk for EUR 20m
Warburg portfolio company Netcentrum has acquired Slovak web portal Atlas.sk for EUR 20m from EPIC Holding.
CEE - CVC recruits Istvan Szoke
CVC has recruited Istvan Szoke to build its business in Central and Eastern Europe. The nomination will be effective from April 2008.
TURKEY - AIG sells AFM Cinema
AIG investments has sold its 51.91% share in AFM Uluslararasi Film, a cinema and entertainment company, to A1 Group Ltd, the key investment group of Alfa-Group Consortium.
CEE - Penta buys Mecom Group
Penta has acquired Mecom Group, Slovakia's largest meat processing company. Last Wednesday, Penta submitted a request for approval to the Slovak Antitrust office.
EUROPE - New fund Vitruvian closes on EUR 925m
New middle-market private equity firm, Vitruvian Partners, has closed its maiden fund, Vitruvian Investment Partnership (VIP), on EUR 925m, exceeding its EUR 900m target.
BALTIC - BaltCap acquires Interinfo Group for EUR 20-30m
BaltCap has acquired 100% of the Interinfo Group in Estonia, Latvia and Lithuania, for EUR 20-30m.
CEE - Arca Capital sells Czech Precision Forge
Slovak Arca Capital has sold its remaining share in Czech Precision Forge, a pilsner engineering company. In April 2003, the fund invested EUR 4.7m in the company.
CEE - Series of investments in Czech Republic
Arca Capital has invested in Kasa, a Czech online store. Warburg Pincus is currently in talks to buy Atlas, the third largest Czech search engine after acquiring a majority stake in its rival Centrum, last December.
RUSSIA - ASI injects $200,000 in LogneX
Ambient Sound Investments has invested $200,000 in LogneX, a Russian software development company, bringing its stake to 30%.
TURKEY - Investors line up to buy Tekel Cigarette
Cinven is among four consortiums that have submitted final bids for Turkish state-owned cigarette group Tekel Cigarette. According to sources, the other bidders are two Turkish groups, Dogan Holding Lima and Insaat, and British American Tobacco. The auction...
GLOBAL - Bear Stearns acquires Macquarie arm
LSE-listed fund-of-funds Bear Stearns Private Equity (BSPEL) has offered A$115.5 for Macquarie Private Capital Group (MPCG), an ASX-listed private equity fund-of-funds.
RUSSIA - Great Europe Deep Value invests in Nord Timber
Great Europe Deep Value Fund together with a co-investor acquired, in a MBO/MBI, Nord Timber, a company consisting of two sawmills and the right to harvest forest land of 1m hectares. This investment was structured through a newco in Cyprus.
CEE - VCP increases its stake in FHB
Vienna Capital Partners has signed a forward agreement for 300,000 more shares of mortgage bank FHB, bringing its stake to 13.07%. The fund currently owns 6.5m FHB shares, equuivalent to a 9.86% stake. The transaction is conditional upon the approval...